Management & Operations

Minn. Metro light rail to run 24 hours on trial basis

MINNEAPOLIS — Metro Transit decided to keep the Green Line trains of the new Central Corridor Light Rail Transit line running around the clock after several Minneapolis City Council members expressed concerns about accommodating late-night workers and club-goers, the Pioneer Press reported.

The schedule for the first Green Line trains, which will roll June 14, will be on a trial basis and may be modified due to maintenance needs, according to Metro Transit officials. For the full story, click here.

The total purchase price is about $1.8 billion, including assumed debt. Wabtec plans to fund the cash portion of the transaction with cash on hand, existing credit facilities and potentially other debt financing.

The transportation agency’s search firm posted a job advertisement online last week that outlined a compensation package of $319,000 in base salary, a bonus of up to 30%, a $14,000 transportation allowance and a $1,200 parking allowance.